1 Steps – The Simple Secret to Finding Real Estate Deals

You have the money for a new property or you qualify for the loan and are ready to buy some investment real estate!..

You keep looking…and looking… and you never seem to find great properties to invest in.

I guess if it was easy, everyone would do it.

The fact is, it is amazingly hard to find great real estate deals.

That’s OK, because I’m going to tell you exactly how to find great Real Estate Deals and I’ll show you how to do it online, with your own computer, and without spending any money.

But first… I’m going to explain to you why you haven’t found any good investment properties yet.

Bonus: How to Find Great Real Estate Deals Easily Online

You are Looking for Investment Deals All Wrong

You don’t even realize it, but the things you do that you think will make you successful are actually the things holding you back. You may not have done all of these, but I bet you are doing at least one.

You’re Reading Too Much

You’ve been studying and learning for 3 months, 6 months, or even a year or longer.

There is such thing as learning too much about real estate.

A degree may be important, but it is worthless if you don’t get a job in that field. Knowing a lot about investing and real estate is very important, but if you don’t actually put deals together, that knowledge is worthless.

The fact is, it can take many years to become a true expert in anything and they are usually writing books or teaching people. You don’t need to be an expert to START, you just need to be good enough to not lose money.

Start by learning what’s on this site and a few particular books. Avoid “analysis paralysis” and jump in once you have a moderate level of knowledge.

You Haven’t Found Your Investing Niche Yet

Some days you look at multis, other days you look at flips, and then some days you are learning about wholesaling.

People make money wholesaling, flipping, renting, commercial, residential, large unit, single family, and more. The thing is, they don’t make money in all of them.

By dividing your attention you are holding yourself back. Pick ONE and go with it.

Here is the Key to Investing in Property

OK, here is the part where you roll your mouse over the corner and click X because my advice is stupid.

Just hear me out. Think a little deeper about what I’m saying.

How You Can Find Great Real Estate Deals.

You look online, go look at some places. Unfortunately, everyone can look online to see what’s listed on MLS.

A house for sale is not the same as finding a great real estate investment.

So really, you’ve found houses for sale; you haven’t found great real estate.

…and unfortunately, most houses in most markets are simply not great investments.

You can find great real estate deals online but it’s hard and you need to know how to look and what to look for. I’ll go over that. For now, I’m going to take a step back.

If you take every method that exists to find deals, you can categorize it into one of two methods – finding deals online, or finding deals in person. Obviously though, each can be broken into several sub-categories.

If all the other ways work and work well, then why use the online listings to find real estate deals? Well, searching the internet is easy, fast, and pretty much free. So, you can waste your time and money finding deals using other methods, or you can find deals the way I’ve learned to find them.

Clearly, some deal finding methods can be a combination of two others. For example, networking may lead someone to look you up online for more information. MLS lists FSBO and word of mouth might lead to knocking on doors. Anyway, here is a basic explanation of each method:

MLS – MULTIPLE LISTING SERVICE

Is an Online database where the vast majority of single family and small multi-family buildings are listed. If a property is for sale, it is probably on here.

Pros: Has a lot of properties; is easily searchable.

Cons: Everyone else can easily search it too.

LOOPNET

Online database for commercial properties and large residential multis. Sometimes a property will be listed on both MLS and Loopnet if the agent has access to both.

Pros: Has a lot of properties; is easily searchable; most investors list on here so people are more rational.

WORD-OF-MOUTH

Uncle John knows Suzy down the street who says her best friend just moved to a nursing home and the kids are looking to sell fast.

Pros: Direct access to sellers before a deal hits the market.

Cons: Hard to build up a network; may waste a lot of time chasing uninterested buyers.

KNOCKING-ON-DOORS

You wouldn’t knock on everyone’s door obviously. You drive through neighborhoods and find distressed looking properties, then engage the owners to see if you can work a deal.

Some people also call it Driving-for-Dollars.

Pros: Learn the neighborhoods very well by being on the ground; may find deals before others can.

Cons: Very time intensive.

Seem Complicated? Download The Free Guide To Finding Great Deals With The Internet

YELLOW-LETTERS

These are letters written on yellow legal paper stating your interest to buy a property. You can do it in combination with direct mail or you can use yellow sticky notes and do it in combination with knocking-on-door

Pros: Authentic appeal directly to the owner.

Cons: Time intensive; may require a decent amount of money to send direct mail.

NETWORKING

When someone is looking to sell, they may think about someone they know who may be interested first. This could save them time and money rather than hire a real estate agent. By networking, you will tap into a huge network of people who may be looking to sell in the future.

Pros: Side benefits of networking can’t be understated.

Cons: Time intensive; requires continuous contact for the length of the relationship.

Now that you know each of the main methods, you may already be thinking about ways to adapt these to your strategy. Great! But the problem is, nobody can effectively do ALL of these methods. You will realistically need to target one or a few of them when starting in real estate.

Real Estate Investing Lead Generation

If you try to direct mail, build a website, search the internet, and network constantly, you may find yourself out of time and money pretty quickly. When starting out, I highly recommend starting with the free or cheapest methods to get established. Once you are established you can branch out into the more expensive methods.

See, I take a different approach. You are trying to find ONE deal… not dozens.

WHAT ABOUT ADVERTISING?

Advertising just serves to magnify the effect of these other methods. Advertising online will help motivated sellers to find your website. Using direct-mail or bandit-signs may direct people to call you directly and set up a meeting.

Advertising helps you increase your reach. Within your scope, targeted advertising can help you reach even more people.

How do you actually find good deals when just getting started in real estate?

I’m not always looking for a deal, though I wish I had enough money to always be in the market to buy. For me personally, it takes just a week or two to find a great deal. Sometimes it takes up to a month depending on the time of year.

Honestly, I can find a stack of deals to analyze in just a week. So, if you have been searching for weeks, months, or longer, you clearly are doing it wrong.

I have spent years developing my methods and I have spent a lot of money in trial and error. Don’t waste your time and money, just learn from me. I have written it all down into this PDF file and you can get it by email.

Like I mentioned above, I will show you how to find great deals with online listings. I will also throw in the following as a bonus:

HOW to effectively use the internet to have deals find YOU.

WHICH resources you need to use to quickly screen out bad deals and find good deals.

HOW to effectively increase your reach with targeted advertising to save you money and time.

I would just put it here, but I don’t want this information to scraped off my site and end up all over the web. It’s free anyhow and I don’t spam or sell your info, so why not?

You Need To Find The Potential In The Investment Property That Others Haven’t Found

If you haven’t found any promising properties yet, that means you are looking at things all wrong. That’s OK. If you knew where to look then you wouldn’t be reading this page. I’ve been there before – searching the web to find the answer, just to be left disappointed and half the time with more questions than when I started.

I will show you exactly how to find the best deals online with the most potential in my PDF.

When I got started real estate investing, I had nothing but debt and a little bit of savings. I did it, you can do it too. The whole purpose of this website is to share my knowledge with other people because I believe it’s the true source of wealth.

Pop your email address in here and I’ll send it to you. I swear I won’t sell your info or send you all kinds of spam.

In the next article, I talk about analyzing the dealss. It’s really important to understand how to properly and accurately analyze deals once you find them!

Hi, My Name is Eric

I'm 33 years old and have over 480 doors of rental property. I've traveled to over 14 countries and love to experience new cultures, food, beer, exercising, and improving myself. I'm focused on creating long-term wealth for my family.

Follow me as I delve into real estate and show you how to start creating passive income, even if you have a ton of debt and a job you hate.